Although the COP27 meeting at Sharm El-Sheikh in Egypt has agreed to a “loss and damage fund” provided by rich nations to support vulnerable countries bear the immediate costs of climate fuelled events such as flooding and storm damage, IT FAILED TO MAKE PROGRESS on the underlying cause of such damage.
Little progress has been made on further cutting of the burning of fossil fuels which are the underlying cause of global warming and the extremes of weather. There were strong attempts by the “petrol states” to roll back on agreements to keep global temperatures rise to below 1.5 degrees. Emissions need to peak by 2025 before a tipping point is reached.
The final conference text included a reference to “low-emissions and renewable energy” which is seen as a loophole to allow the further development of gas resources as gas produces fewer emissions that coal or oil.